Apollo Acquires UK Parcel Delivery Leader Evri for £2.7bn

The investment aims to expand Evri's market presence and challenge Royal Mail's dominance in the parcel sector.

Apollo outbid rivals including JD.com and DHL to secure the deal.
Evri, formerly Hermes, delivers over 700 million parcels annually in the UK.
The acquisition provides Evri with fresh capital for growth and innovation.
Royal Mail faces increased competition as it seeks to expand its parcel business.
The deal is expected to close in the third quarter of 2024.